#Jindal Drilling Buy & Hold this stock for long Term. CMP-175 SL-140 (Weekly Closing Basis)
Stock closed at its crucial level i.e.176. Sustaining above 180 is important for successive breakout. If happens then we will get good move in coming months.
Excited to get the move out of simple looking double bottom in the zone 150-152 as mentioned in previous updates. Drilling the bears within the zone 150-152--- (click the chart & load the bars)
Some stocks have regular patterns which they repeat again & again. Few day's back it was updated that JD is famous for double bottoms & look marginally it went down to 148 lows & pushed upside to 162.50 in the last trading session of 28th Nov2016 forming again double bottoms.
Look how Jindal Drill -if goes above 160 & sustains likely to push deep upside & more likely to repeat the double bottom pattern which it knows very well.